Timeline

We created our bank in 1991 and gave it the name Vozrozhdenie, what means ‘Renaissance’, for good reason. Our purpose was, and is, to be a valuable catalyst for the Russian economy, empowering people and their businesses to flourish.

Dmitry Orlov
Chairman of the Board of Directors

  • 1991-1992
    Bank Vozrozhdenie is registered with 34 branches in Moscow and the Moscow region by the Bank of Russia
  • The Bank of Russia issued the currency licence to Bank Vozrozhdenie
  • Bank Vozrozhdenie becomes a member of the Moscow Interbank Currency Exchange
  • Shares of the Bank start trading on Russian stock exchanges
  • 1993-1995
    Creation of the cash-in-transit service
  • Introduction of the S.W.I.F.T. system
  • Establishment of correspondent relations with the foreign banks
  • Bank Vozrozhdenie becomes a member of the VISA international payment system
  • The Bank obtains the status of the authorised bank of the Russian government
  • 1996-1998
    Beginning of cooperation with the World Bank
  • The Bank’s ADR commenced trading on international capital markets
  • Standard & Poor’s assigned Bank Vozrozhdenie with its credit rating
  • Commence of the cooperation with CIBC
  • Opening of the processing centre
  • 1999-2002
    CIBC becomes a shareholder
  • Europay International certifies the Bank’s processing centre
  • Bank Vozrozhdenie enteres the top-20 largest banks in terms of corporate loan portfolio
  • The Bank’s ATM network becomes the largest in the Moscow region
  • 2003-2004
    The Bank enters the top-3 banking institutions in terms of the size of branch network
  • Bank Vozrozhdenie joins the deposit insurance system and enters the top-10 largest banks by retail deposits
  • 2005-2006
    The Bank enters the top-3 in the AHML programme (the state agency for housing mortgage lending) and the top-10 largest mortgage lending banks in Russia
  • The branch network includes 138 offices and over 400 ATMs, serving more than 900 thousand customers
  • 2007-2009
    The Bank issues its millionth bank card
  • Customer numbers increased to 55 thousand corporate and 1.35 million retail clients
  • The Bank develops the innovative deposit “Bankomatniy”, which can be opened at any Bank Vozrozhdenie ATM
  • 2010-2011
    Bank Vozrozhdenie becomes “Bank of the Year in Russia - 2010”, according to “The Banker” magazine
  • The international rating agency Standard & Poor’s in 2011 upgraded Bank Vozrozhdenie rating to ‘BB-‘ on the international scale and ‘ruAA-‘ on the Russian scale with a “stable” outlook
  • According to the Brand Finance’s rating of the world’s largest banks, Bank Vozrozhdenie brand is worth $168m (US)
  • 2012
    The Bank’s assets reached 209.1 billion roubles
  • Bank Vozrozhdenie enters the top-1000 world banks ranking, according to “The Banker” magazine
  • Bank Vozrozhdenie was the first bank that issued the custom card “Round”
  • 2013
    The credit rating agency Standard & Poor’s affirms its long-and short-term credit ratings for Bank Vozrozhdenie at ‘BB-/ B’ on the international scale and ‘ruAA-’ on the national scale. The ratings outlook remains “stable”
  • The World Finance magazine declares Bank Vozrozhdenie the winner for “Best Corporate Governance in Russia”